The slow death of high street retail in Britain
As several more UK businesses go into administration, analysts predict another 140 chains could be at risk.
The Future of the High Street report was commissioned in 2011 as pressure mounted on the Government to address the issue, but nearly two years on, the future of the high street seems bleaker than ever. One in nine high street shops now stand empty as competition from online retailers remains fierce and consumer spending continues to be hampered by the poor economic climate.
China’s property investment up 16.2% in 2012
Investment in China’s property sector rose 16.2 percent in 2012 from a year earlier to 7.18 trillion yuan ($1.14 billion), said Ma Jiantang, chief of the National Bureau of Statistics, at a press conference on Friday.
The growth rate was 11.9 percentage points lower than the level in 2011, he said. Full-year investment in residential housing registered an increase of 11.4 percent from the same period the year before, down 18.9 percentage points from 2011.
Trends Influencing Healthcare Real Estate in 2013
The healthcare real estate market will see more medical buildings designed for higher-acuity care, new uses for freestanding emergency departments and more partnerships and monetizations in 2013, according to Duke Realty in Indianapolis, a real estate company with more that 22 years of experience in the healthcare industry.
UAE property firms Aldar and Sorouh agree merger
The tie-up between Aldar, which has been bailed out by the Abu Dhabi government over the past two years, and Sorouh creates the second largest listed property firm in the United Arab Emirates.
The two biggest property firms in UAE, Aldar Properties and Sorouh Real Estate, have agreed on a state-backed, all-share merger that would create a firm with $15 billion in assets and could help to stabilize the emirate’s struggling real estate sector.
Residential property market in Ireland is stabilizing
Residential property prices in Ireland fell by 4.5% in the year to the end of December but the rate of decline is slowing, the latest figures from the Central Statistics Office show.
This compares with an annual rate of decline of 5.7% in November and a decline of 16.7% recorded in the 12 months to December 2011.
On a monthly basis prices were down just 0.5% in the month of December. This compares with an increase of 1.1% recorded in November and a decline of 1.7% in December of last year.
Citi Takes Top Spot in REIT Equity Deals
Citigroup Inc. became the top equity underwriter for real-estate investment trusts in 2012, grabbing the No. 1 spot from Bank of America Merrill Lynch, the longtime leader of the business.
Citigroup also topped the rankings for most equity raised overall in 2012 for the entire financial sector, according to Dealogic. The bank was less successful with REIT debt deals last year, ranking number fifth with $3.9 billion in transactions. That marks a drop from fourth place in 2011.